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Dec 3, 2012 4:00am PST
said president obama presented his plan last week and the gop leaders shot it down. now, the ball is in the hands of the republicans. right now, it's all about the math. republicans may have to cave on taxes but president obama may have to accept deeper spending cuts. only 18 days left. >> the messy art of compromise. tahman bradley live in washington. >>> and rivers are rising across northern california this morning after three powerful storms blow through in less than a week. the latest round of flooding rain drenched the area yesterday, knocking down giant trees and leaving nearly 100,000 people without power. high winds overturned tractor trailers. abc's cecilia vega shows us what it looked like in california wine country. >> reporter: this is a storm that slammed the west coast from washington all the way down to the san francisco bay area. and this, take a look at it, one of the hardest hit regions, vineyards all over napa valley under water right now. >> a much dryer day is on tap across northern california, but just after midnight, get this, a fourth storm moving in with e
Dec 4, 2012 1:40am PST
refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go on vacation. in actuality there are fewer than 11 days before they need to work out a deal. jake ta
Dec 6, 2012 7:00am PST
to first. new reports on how close syria came to using chemical weapons this week. they actually loaded the deadly gas on to bombs, prepared for launch. and martha raddatz is going to have the latest on that. >> that's a frightening development, something president obama took very seriously. >>> we have a warning this morning that all parents with infants need to here. federal authorities are taking an unprecedented move of suing the manufacturers of infant recliner, saying they are dangerous. i don't know about you guys. but i used these with both of my babies. pretty amazing. >> yeah. >>> also ahead, a major announcement today we can't wait to share with you. it involves all of us and more "gma" every day. we're excited to tell you what we're talking about later on this morning. >> that's coming up. >>> let's get to the news out of london. lama hasan is outside of the hospital where kate middleton checked out, roses in her hand. good morning, lama. >> reporter: good morning, george. just moments ago, a very happy duke and duchess of cambridge left the hospital behind me. one of the re
Dec 5, 2012 1:40am PST
of weeks. >> reporter: both the white house and congressional republicans have put forward a plan to avoid the fiscal cliff. but right now they're miles apart and digging in their heels. president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time
Search Results 0 to 3 of about 4